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SingTel’s net profit dipped by over 12 percent. But SingTel Ceo Chua Sock Koong bagged $4.6 million last year, a drop from the $4.9 million which she earned in 2012. This doesn’t include the returns on the value of her shares.   Clocking a 13 percent increase in net profits, Singapore Airlines rewarded its CEO Goh ChoonPhong with a 50 percent pay...

DBS has been named ‘Best Bank in Asia-Pacific’ for 2014.   This marks the first time an Asian bank has beaten other international banks to win this prestigious award, since the award was started 21 years ago.   DBS was awarded the accolade by New York publication, Global Finance, in its annual World’s Best Banks Awards.   It also clinched...

Wages that can’t keep up with price increases, longer working hours, and a lack of upward social mobility – these are what we celebrate this Labour Day. A Labour Day protest will be held by Movement for a Better Singapore at Hong Lim Park. It’s the second of its kind. Here is the appeal which the organiser, Gilbert Goh, has addressed to the public. If you agree...

Most global brands cost more in Singapore than other major capital cities in the world. Most of these items cost more by up to 20 percent.   That was the findings of a study done by the Monetary Authority of Singapore and Singapore’s Ministry of Trade and Industry. It studied more than 600 brands across 11 cities – amongst them, London, New York,...

“If you want to bash out a story without checking facts, there is a market for that. But that’s not our market.” That was the criticism heaped on independent news websites by Patrick Daniel, the editor-in-chief of English and Malay newspapers for Singapore Press Holdings. He said that while independent news websites in Singapore “have their...

A former Mediacorp executive has spilled the dirt on the company, suggesting that the company is struggling to cope with major changes in the media industry. The company is apparently plagued by a number of serious issues, including the exit of key staff and an unrealistic corporate mission.   BILLION DOLLAR PIPE DREAMS   A culture of risk aversion is a...

With the announcment by Starhub, Singapore’s second largest telecommunications company, that it will charge for 4G data plans, Singtel and M1 users of the same service could also face a hike in their monthly fees. StarHub will start charging its 4G users for the service from June this year. Users will pay $2.14 a month, which is a promotional rate. Starhub hasn’t...

More young professional in Singapore are suffering from medical problems because of long working hours. These include insomnia, depression and hypertension, say doctors and human resource experts. The story was initially reported in the Straits Times. Not an article our gahmen would particularly approve of or appreciate. Could this report be an indication that our...

Singapore’s Commissioner of Police has admitted that the decision to send in specially-trained riot troops to quell the Little India riots took unacceptably long. Mr Ng Joo Hee also slammed the performance of police officers as imperfect. He was testifying at the Committee of Inquiry today. The riots broke out at around 8.30pm. By the time the Special Operations...

Local students enrolling in government-funded universities, polytechnics and ITEs will now have to pay up to 7.9% more to go to school. Permanent Residents and international students must brace themselves for steeper hikes.   Popular courses such as business, dentistry, law and medicine saw bigger hikes of 3.3 to 7.9 per cent. The biggest price hike this year?...

Hole lead singer Courtney Love claims she may have found’ the missing Malaysia Airlines flight. She even offered exact co-ordinates as to the jetliner’s location on her Facebook page. She wrote: “I’m no expert but up close this does look like a plane and an oil slick.  Love used red arrows, probably added using Microsoft Paint to expertly point out the...

Malaysian Prime Minister Dr Najib Razak downplays press speculation that the missing MH370 plane was hijacked, but says Malaysia is exploring all possibilities. ...

The Malaysia Airlines jet that lost contact with traffic controllers had crashed in the South China Sea. This was said by a senior officer from the Vietnamese navy. Vietnamese and Malaysian authorities are searching for the jet, which was heading to Beijing from Kuala Lumpur. It lost signal at 2.40 this morning.   ...

Singaporean pioneers on the Community Health Assistance Scheme will enjoy additional subsidies at Specialist Outpatient Clinics and Polytechnics sooner rather than later. They will be eligible from September this year, instead of January next year. The start date was moved forward to coincide with other benefits which the government is planning to provide under the...